Agro-chemical firm Bayer CropScience Wednesday posted 25.13 per cent drop in its net profit at Rs 142.7 crore in the second quarter of the current fiscal on poor sales.
Its net profit stood at Rs 190.6 crore in the same quarter previous year, according to a regulatory filing.
Net income declined to Rs 1,104.1 crore during July-September quarter of the current fiscal from Rs 1,232 crore in the year-ago.
Expenses remained lower at Rs 897.5 crore as against Rs 954.6 crore in the said period.
Commenting on the performance, Bayer CropScience chairman and managing director Richard van der Merwe said: "Sales were affected due to an erratic season marked by uneven rainfall and hailstorms that damaged standing crops in several parts of the country."
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